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Jerome Powell's federal reserve printed so much money that the housing bubble in Canada and United Kingdom is very small compared to the USA.
I noticed that rents and housing prices in much of Canada and United Kingdom are extremely low compared to the United States.
The housing bubble in Canada and UK is very little compared to the United States of America
Average home price in Canada is $465,000 in USA dollars and the Average home in the UK is $310,000 in USA dollars.
The average home price in the Northeastern United States is now $1,037,000 which is well over triple that of the UK and more than double that of Canada.
I notice that Canada and United Kingdom also have interest rates in the 5% to 6% range, much lower the interest rates
Jerome Powell's federal reserve printed so much money that the housing bubble in Canada and United Kingdom is very small compared to the USA.
I noticed that rents and housing prices in much of Canada and United Kingdom are extremely low compared to the United States.
The housing bubble in Canada and UK is very little compared to the United States of America
Average home price in Canada is $465,000 in USA dollars and the Average home in the UK is $310,000 in USA dollars.
The average home price in the Northeastern United States is now $1,037,000 which is well over triple that of the UK and more than double that of Canada.
I notice that Canada and United Kingdom also have interest rates in the 5% to 6% range, much lower the interest rates
https://nypost.com/2022/04/25/the-av...le-that-of-us/
The Canadian housing market is even more ludicrously expensive than the US’s, with the nation’s home prices recently reaching a new record high, which puts the average housing cost at almost double that of America’s.
When wages are published, it's the averages that are used.
Because mean is more affected by outliers at either end of the distribution curve than median, and you can see by the difference in the figures posted in the thread you started yesterday that there is significant positive skew (i.e., the means are much higher than the medians). That renders your conclusion basically meaningless in the context presented. If it were available, it would be best to see the mode for each region, too, because considered together, median and mode provide a better measure of central tendency and more meaningful comparisons.
Edit: But even then, I've gotten ahead of myself because we haven't even looked at sample sizes. Oh, and we should also be sorting for regional/demographic similarities. Is it meaningful to compare the sales in the Northeast United States to the entire country of Canada or all of the United Kingdom? I don't think so.
If nothing I've written makes a whole lot of sense, OP, I suggest Khan Academy, which can give you a nice primer on basic statistics and data analysis to help you get more meaning out of the numbers you see on line and discern when what you're seeing is an intentional attempt to mislead you.
Last edited by kj1065; 11-03-2022 at 05:55 PM..
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